, through more rigorous disclosure rules, with a greater focus on monitoring and enforcing of rules and regulations. Within the corporate sector, broader (but by no means universal) recognition is developing

assist stakeholders in coping with and getting through this crisis. Furthermore, when the government declared a state of emergency and introduced strict measures for preventing the spread of COVID-19

rating methodology for each class of entity or obligation for which the CRA issues credit ratings. Each credit rating methodology should be rigorous, capable of being applied consistently, and, where

recovering consistently since the beginning of 2018, reporting 4.0% growth in 20181. Once again, Out-of-Home (OOH) and online advertising, in particular reported rigorous growth of 23.0% and 21.0

large part consistent with the SEC’s Strategic Plan and policy since the SEC is a major driver of the Master Plan. In this past year, the SEC has been active in imposing rigorous supervision/enforcement

companies and derivative business operators take full ownership of the written BCM policy and enforce strict implementation of the BCM plan. In case of outsourcing business functions to service providers, the

, which, if found too strict or redundant, will be amended and updated to meet current situations ● Closely coordinated with relevant agencies for speed, transparent, fair and concise criminal action

systems disrupt listed companies and accounting professions’ operations, and more stringent regulations and newly effective financial reporting standards. These challenges significantly impact the

should be rigorous, capable of being applied consistently, and, where possible, result in credit ratings that can be subjected to some form of objective validation based on historical experience. 1.2

apply rigorous analysis using ESG sovereign model and proprietary scoring Millions of ESG data points Informed investment decision making ESG data and research providers Proxy voting analysis Normative